Is 06231, CT a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 06231 is a buyer's market

Buyer's
Market

Difference Since October 2023

At the same time last year, 06231 was a Seller's Market.

Key Takeaway

06231 is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

Housing Prices in 06231, CT

How much do homes in 06231, CT cost?

Median Sold Price

$412,500

$210/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

+$1,250(+0.3%)

Key Takeaway

The sold price of homes in 06231 has remained the same since last year.

Summary: The median home sold price in 06231 was $412,500 in October 2024, up 0.3% from last year, and the median price per square foot was $210.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 $195K-
N/A
2 $288K$195K
-32.3%
3 $360K$395K
+9.7%
4 $467.5K$449.9K
-3.8%
5+ $490K$575K
+17.3%

Summary: 06231 housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 32.3%, 3 bedroom homes increased by 9.7%, 4 bedroom homes decreased by 3.8%, and 5+ bedroom homes increased by 17.3%.

Median Sold Price Compared To Nearby Zip Codes

06248
+26.7%
06249
+13.5%
06415
+7.4%
06231
0.3%
06237
-14.3%

Housing Supply in 06231, CT

How many homes are available in 06231, CT?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
1517+13.3%

Summary: The 06231 real estate market had 17 homes for sale in October 2024, a 13.3% increase compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 00
0.0%
2 54
-20.0%
3 66
0.0%
4 35
+66.7%
5+ 12
+100.0%

Summary: The 06231 housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 20%, 3 bedroom homes remained the same, 4 bedroom homes increased by 66.7%, and 5+ bedroom homes increased by 100%.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
12+100.0%

Asking Price vs. Sold Price

0 Homes Were Sold
Under Asking

0 Homes Were Sold
At Asking

2 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 06231, you could pay more than the asking price. 100% of homes here sold above asking price last month.

Summary: A total of 2 homes were sold or pending in 06231 in October 2024, up by 100.0% month-over-month. Of the 2 sold homes, 0% were sold under asking, 0% were sold at asking, and 100% were sold over asking.

Days on Market for 06231, CT

We’re sorry, we don't have information for this market at the moment

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 22 Days Ago

Newest Listings in 06231, CT

Nearby Markets to 06231, CT